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British Airways Drops Plan to Bid for Spain’s Iberia
Tagged: SpainPosted on: November 26th, 2007
British Airways Plc, Europe’s third- largest airline, dropped plans to bid for Spanish carrier Iberia Lineas Aereas de Espana SA.
The London-based company, which owns 10 percent of Iberia, won’t exercise preemption rights to acquire shares being sold by local investors to Caja Madrid, it said in a statement today. That will allow the Spanish bank to build a 24 percent stake.”*
Curation from Tomás
Filed Under: 1. Hispanic News, Business, Business News, International
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